The ChatBrits are Coming

Note from the Publisher:  With so many new fintech apps, there has to be some differentiation in order to drive interest and adoption, and one that is being offered by a new UK startup named Plum is a chatbot feature.  Plum is currently in Beta in the UK with a late October invite-only (how exclusive!) launch, and they are competing with another new UK-based chatbot named Chip.  You know, maybe Chip and Plum should have a chat.  We think they almost sound like a Hollywood couple, albeit a chatty one, Chip+Plum=”Chum”!  But we digress…………..

“Plum, the latest fintech startup looking to help the millennial generation manage their money and encourage savings, has raised £0.5 million in seed funding ahead of an invite-only launch at the end October.

Developed by Victor Trokoudes and Alex Michael, part of the early teams at TransferWise and Tictail, Plum connects to a user’s bank accounts to analyse daily spending and puts aside spare funds in an interest-bearing savings account. Users can talk with the Plum on Facebook Messenger, ask it to save more money or withdraw money from their savings instantly back to their current account.

The service is currently undergoing a few hundred trials in private Beta in the UK and will be invite-only at the end of October.”

Read Full Article at Finextra